The beauty and cosmetics industry is a multibillion business. According to recent research conducted by Reuters, it is valued at approximately $532 billion worldwide. As a result, it is considered by many as the perfect entrepreneurial opportunity or what people commonly refer to as a ‘gold mine.’ But is owning a salon really profitable? The … Read more
Chances are pretty good that there are a few hair salons in your area, but how many of them cater strictly to children? To some, opening a kids’ salon my seem silly, but businesses of this nature are popping up all over the country as licensed hairstylists recognize that kid-friendly salons make for a better … Read more
As you may know, beauty salons can be highly profitable. Hence, many entrepreneurs, like myself, see in them a great business opportunity. However, if you are thinking of renovating an existing salon, securing a location to start one from scratch, or simply revamping your current salon… There are a few things you should consider before … Read more
Owning a hair salon requires dedication and hard work, as well as a commitment to the business, employees, and clients. Providing quality service to customers is critical to the success of the business. This involves hiring qualified staff, examining similar businesses, and offering exceptional products and services that will allow the hair salon to stand … Read more
When you start your salon, you have a long list of items and resources you need to purchase. Since your expenses can be high in the beginning, it is common for new salon owners to wonder if they need to purchase business insurance or if it’s possible for your business to go without this expense. … Read more
When opening a salon, some of the most important and difficult decisions related to finances. A significant part of that is determining the pricing of products and services offered by the salon. Many salons also feature promotions, discounts, special pricing, and package deals as part of their pricing program. There are also additional considerations and … Read more
Getting the correct licenses is an important step when opening your own salon, but what licenses do you need how do you go about obtaining them? State laws vary, but most businesses of this type are required to get a few very specific licenses in order to serve customers in their area. To start, you … Read more
When you start your own salon, it is likely that you will rent out space in your salon to a beauty professional at some point during the life of your business. If things don’t work out well between your salon and the booth renter, it is essential for you to know how to evict the … Read more
Owning a salon can pose a set of challenges that involve business decisions, finances, regulatory compliance, and employees. Success is also partly dependent on maintaining an interest and passion for the industry. As with any other business, there are some key considerations that must be accounted for. This includes important decisions that impact the operation … Read more
If you have dreamed of starting your own business, allow me to begin by saying: you are not alone! According to recent studies, there are over 580 million entrepreneurs in the world. But the truth is, most startups fail within the first year. Thus, before taking the plunge, there are many things to consider. For … Read more